BLUE RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

EIN: 541328809 501(c)(3)

WEYERS CAVE, VA

Total Revenue
$3,042,331
Total Expenses
$1,697,734
Total Assets
$21,778,165
Net Assets
$21,728,858
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
VA
Principal Officer
ANASTASIA O TRIPLETT
Phone
5404532211
Tax Period
2024-07-01 to 2025-06-30

BLUE RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC, founded in 1985, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 44% operating margin.

Mission

THE BRCC EDUCATIONAL FOUNDATION BUILDS COMMUNITY RELATIONSHIPS AND SECURES RESOURCES TO STRENGTHEN THE PROGRAMS AND SERVICES OF BLUE RIDGE COMMUNITY COLLEGE. THE COLLEGE'S IMPACT ON THE COMMUNITY IS PROFOUND, PROVIDING THE PATHWAY TO SUCCESS FOR STUDENTS AND LOCAL EMPLOYERS. CURRENT STATE AND LOCAL APPROPRIATIONS PROVIDE FUNDING FOR ONLY THE BASIC OPERATIONS OF THE COLLEGE AND ARE NOT SUFFICIENT TO KEEP PACE WITH THE CHALLENGES OF MEETING BRCC'S DIVERSE STUDENT NEEDS AND ADDRESSING WORKFORCE DEVELOPMENT SERVICES AND PROGRAMS. TO MEET THE COMMUNITY'S INCREASING NEEDS FOR PROGRAMS, SERVICES, FACILITIES, AND SCHOLARSHIPS, PRIVATE FUNDS ARE NECESSARY. FUNDS RAISED BY THE BRCC EDUCATIONAL FOUNDATION REPRESENT THE DIFFERENCE BETWEEN ADEQUACY, AS PROVIDED BY TRADITIONAL SOURCES OF FUNDING, AND EXCELLENCE, THAT ONLY PRIVATE INVESTMENT CAN PROVIDE.

Program Service Accomplishments

Program 1
Expenses: $550,404

DURING THE 2024-25 ACADEMIC YEAR, THE FOUNDATION PROVIDED 141 NAMED SCHOLARSHIP AWARDS TOTALING $550,404 TO 396 DESERVING STUDENTS. THE MAJORITY OF THESE AWARDS WERE BASED ON FINANCIAL NEED. WHILE A...

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DURING THE 2024-25 ACADEMIC YEAR, THE FOUNDATION PROVIDED 141 NAMED SCHOLARSHIP AWARDS TOTALING $550,404 TO 396 DESERVING STUDENTS. THE MAJORITY OF THESE AWARDS WERE BASED ON FINANCIAL NEED. WHILE A DEGREE AT BLUE RIDGE COMMUNITY COLLEGE APPEARS AFFORDABLE, ESPECIALLY COMPARED TO FOUR-YEAR INSTITUTIONS, IT IS BEYOND THE MEANS OF MANY STUDENTS AND FAMILIES IN OUR COMMUNITY. THESE SCHOLARSHIPS WERE PROVIDED TO STUDENTS IN BOTH CREDIT AND NON-CREDIT PROGRAMS. AMONG THEM WERE AWARDS FOR PARTICIPANTS IN BLUE RIDGE PROMISE, A BRIDGE PROGRAM FOR HIGH SCHOOL SENIORS INTERESTED IN ATTENDING BRCC AFTER GRADUATION. OTHERS WERE AWARDS TO HIGH SCHOOL SENIORS PROVIDING A PATHWAY TO ENROLL IN WORKFORCE COURSES AND RECEIVE CREDENTIALS IN CAREERS SUCH AS CERTIFIED CLINICAL MEDICAL ASSISTING, HEAVY EQUIPMENT OPERATION, PHLEBOTOMY, AND WELDING. EVERY ONE OF THESE SCHOLARSHIPS GAVE STUDENTS THE OPPORTUNITY TO ACHIEVE THEIR EDUCATIONAL AND CAREER GOALS, THUS IMPROVING THE QUALITY OF LIFE FOR THEIR FAMILIES AND THE COMMUNITIES IN WHICH THEY LIVE AND WORK.

Program 2
Expenses: $372,508

THE FOUNDATION PAID $372,508 TOWARD EQUIPMENT AND FURNISHINGS ACROSS CAMPUS, INCLUDING THE FOLLOWING: - EQUIPMENT TO HELP LAUNCH A NEW MEDICAL LABORATORY TECHNICIAN PROGRAM- CAT SIMULATOR SYSTEM AND...

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THE FOUNDATION PAID $372,508 TOWARD EQUIPMENT AND FURNISHINGS ACROSS CAMPUS, INCLUDING THE FOLLOWING: - EQUIPMENT TO HELP LAUNCH A NEW MEDICAL LABORATORY TECHNICIAN PROGRAM- CAT SIMULATOR SYSTEM AND COMPACT EXCAVATOR FOR HEAVY EQUIPMENT OPERATION- CATALYST ONE ANALYZER SYSTEM AND ANATOMICAL MODELS FOR VETERINARY TECHNOLOGY PROGRAM- FURNITURE FOR TECHNOLOGY BUILDING, THE HOUFF STUDENT CENTER AND THE HOUFF LIBRARY- LASERJET PRINTER FOR VISUAL COMMUNICATIONS DEPARTMENT- SMARTWASHER BRAKE WASHER FOR AUTOMOTIVE ANALYSIS AND REPAIR PROGRAM- UPGRADES TO DIGITAL INFORMATION DISPLAY BOARDS THROUGHOUT CAMPUS

Program 3
Expenses: $277,329

THE FOUNDATION PROVIDED SALARY REIMBURSEMENTS IN THE AMOUNT OF $277,329 TO THE COLLEGE IN SUPPORT OF AN AGRICULTURE ADMISSIONS ADVISOR, THE EMERGENCY MEDICAL SERVICES FACULTY, HIGH SCHOOL CAREER...

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THE FOUNDATION PROVIDED SALARY REIMBURSEMENTS IN THE AMOUNT OF $277,329 TO THE COLLEGE IN SUPPORT OF AN AGRICULTURE ADMISSIONS ADVISOR, THE EMERGENCY MEDICAL SERVICES FACULTY, HIGH SCHOOL CAREER COACHES, NURSING FACULTY AND HEALTHCARE-RELATED WORKFORCE CERTIFICATE PROGRAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,938,757
Program Service Revenue $0
Investment Income $1,105,277
Other Revenue $-1,703
TOTAL REVENUE $3,042,331

Expense Breakdown

Grants Paid $1,423,479
Salaries & Benefits $0
Fundraising Expenses $31,766
Program Expenses $1,535,885
Other Expenses $274,255
TOTAL EXPENSES $1,697,734

Year-over-Year Comparison

2024 2023 Change
Revenue $3,042,331 $2,000,917 +0.5%
Expenses $1,697,734 $1,392,209 +0.2%
Net Income $1,344,597 $608,708 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$144,825
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRET HARRISON CHAIR 1.00
Officer Director
$0 $0 $0
HOLLY M RASHEED VICE CHAIR 1.00
Officer Director
$0 $0 $0
ANASTASIA O TRIPLETT TREASURER 2.00
Officer Director
$0 $0 $0
JOHN A DOWNEY SECRETARY 2.00
Officer Director
$0 $0 $0
RICHARD K HALTERMAN II BOARD MEMBER 0.75
Director
$0 $0 $0
HANS C HARMAN BOARD MEMBER 0.75
Director
$0 $0 $0
KELLY R S BLOSSER BOARD MEMBER 0.75
Director
$0 $0 $0
CRYSTAL L FARMER BOARD MEMBER 0.75
Director
$0 $0 $0
CYNTHIA K DIDAWICK BOARD MEMBER 0.75
Director
$0 $0 $0
DINAH H GOTTSCHALK BOARD MEMBER 0.75
Director
$0 $0 $0
HEATHER REAM BOARD MEMBER 0.75
Director
$0 $0 $0
DONNA S HAHN BOARD MEMBER 0.75
Director
$0 $0 $0
JAMES C HAWKINGS BOARD MEMBER 0.75
Director
$0 $0 $0
LARRY LANDES BOARD MEMBER 0.75
Director
$0 $0 $0
JERRY D SHEETS BOARD MEMBER 0.75
Director
$0 $0 $0
DAVID R METZ BOARD MEMBER 0.75
Director
$0 $0 $0
PAULA C MOORE-MCCLURE BOARD MEMBER 0.75
Director
$0 $0 $0
MARY PAVLOVSKAYA BOARD MEMBER 0.75
Director
$0 $0 $0
TARICIA L PIPPERT BOARD MEMBER 0.75
Director
$0 $0 $0
JUSTIN T REXRODE BOARD MEMBER 0.75
Director
$0 $0 $0
CATHERINE H HUGHES BOARD MEMBER 0.75
Director
$0 $0 $0
ANDREW P VANHOOK BOARD MEMBER 0.75
Director
$0 $0 $0
COURTNEY W THOMPSON BOARD MEMBER 0.75
Director
$0 $0 $0
B RANDOLPH ROLLER BOARD MEMBER 0.75
Director
$0 $0 $0
KEITH J VANBENSCHOTEN BOARD MEMBER 0.75
Director
$0 $0 $0
AMY KIGER EXECUTIVE DIRECTOR 40.00
Officer
$0 $30,216 $144,825
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,042,331 $1,697,734 $21,778,165 $1,344,597
2024 $2,000,917 $1,392,209 $19,657,706 $608,708
2023 $1,490,424 $1,225,654 $17,847,581 $264,770
2022 $1,728,729 $1,156,661 $16,560,374 $572,068
2021 $1,351,825 $1,403,880 $17,682,111 $-52,055
2020 $1,501,210 $1,659,582 $13,942,569 $-158,372
2019 $1,879,736 $1,053,477 $14,651,293 $826,259
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